Investigation into acquisition of Bonnier Broadcasting moves into phase 2 in line with expectations
The European Commission continues its review of Telia Company’s acquisition of Bonnier Broadcasting and opens an in-depth phase 2 investigation.Telia Company formally notified the European Commission of the acquisition of Bonnier Broadcasting on March 15, 2019. The Commission then initiated an analysis of the competition aspects of the transaction in a phase 1 investigation. The Commission has notified Telia Company of its concerns and the process now continues with an in-depth phase 2 investigation which as a main rule lasts no more than 90 working days.“A phase 2 investigation into